World Perspectives
feed-grains

Oats of Course

The December 2021 futures contract on oats is up over 72 percent since the beginning of the year and may yet surge higher. The volume traded in recent days has risen along with open interest, though volume has not repeated the large day it had back on 23 September. The increase is not unprecedented. In 2001, the nearby oat contract rose a comparable amount and for the same reason, adverse weather during the growing season. The increase over the two years 2009 and 2010 was also 73 percent. In 1995, a nearly 40 percent drop in surplus stocks caused a year open to year close increase in price of nearly 100 percent.  The situation could be worse except oats are only about one percent of global cereal production, and most are produced unde...

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feed-grains soy-oilseeds wheat

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Banty Rooster The EU is largely being ignored in the negotiations with Russia and Ukraine over a peace deal but that didn’t stop High Representative for Foreign Affairs and Security Policy Kaja Kallas from asserting her viewpoint. She proclaimed that Russia should “curb” the s...

Thanksgiving Holiday

U.S. financial markets are closed for the U.S. Thanksgiving holiday on Thursday, 27 November. Consequently, WPI’s offices will be closed as well and no issue of Ag Perspectives will be published. Ag Perspectives will resume Friday, 28 November. We wish everyone a happy holiday! ...

feed-grains soy-oilseeds wheat

Market Commentary: Broadly Bullish

The CBOT was higher heading into the U.S. Thanksgiving holiday with investors across the board seeming to find optimism amid a relatively quiet news day. For the ag markets, news that China continues to book U.S. soybeans – securing as many as 10 cargoes on Tuesday – is supportive,...

Banty Rooster; Affordability Writ Large

Banty Rooster The EU is largely being ignored in the negotiations with Russia and Ukraine over a peace deal but that didn’t stop High Representative for Foreign Affairs and Security Policy Kaja Kallas from asserting her viewpoint. She proclaimed that Russia should “curb” the s...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4525/bushel, up $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.405/bushel, up $0.0125 from yesterday's close.  Jan 26 Soybeans closed at $11.315/bushel, up $0.0675 from yesterday's close.  Jan 26 Soymeal closed at $320.4/short ton, up $0 from ye...

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Accountability and a comprehensive approach to export programming

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